Iraq reaffirmed its commitment to the OPEC+ agreement on Monday and said it would present an updated plan to compensate for any overproduction in previous periods, according to a statement from the Iraqi oil ministry.

Oil prices settled higher on Monday as fresh U.S. sanctions on Iran and a commitment to compensate for overproduction by Iraq added to concerns of near-term supply tightness, helping the market recover some of Friday's steep losses.

Iraq's population reached 46.11 million, according to the final results of the population census conducted last November.

Iraq's first census in nearly 40 years shows a population of 46.1 million. Officials highlight the importance of this data for future planning and equitable resource distribution. The census provides detailed insights on socio-economic conditions,

The Iraqi government has set significant objectives to reduce double-digit unemployment, despite continuing challenges.

Iraq’s oil ministry repeated that it’s ready to restart exports from the semi-autonomous region of Kurdistan via a pipeline to Turkey that’s been shut for almost two years.